Bits and Pieces: Bull Market For Proforma
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Erik Cagle
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Early in January, the brother tandem of Amrit and Prem Karra were each sentenced to seven years in prison for counterfeiting money between September 2011 and February 2012, the BBC News reported. Two employees, Rajiv Kumar and Yash Mahey, were given four years apiece for their roles in the crime.
The Karra brothers used their printing business in Hockley, Birmingham—Karra Design and Print—to produce more than £1.3 million worth of counterfeit £10 bills. According to the BBC, £1.27 million in fake notes have been recovered by the authorities.
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Erik Cagle
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